Hillary Clinton Announces Grameen America's Commitment to Invest $50MM in Harlem
Hillary Clinton announced at the 2014 Clinton Global Initiative Annual Meeting Grameen America's commitment to invest $50 million in over 7,000 women-owned businesses in Harlem through 2020. In 2008, Nobel Peace Laureate Muhammad Yunus successfully implemented his microfinance model in Queens and is now expanding this program to serve low-income women in Harlem.
Grameen America will partner with Citi Community Development, the Upper Manhattan Empowerment Zone and the Dalio Foundation to launch the new initiative. “Grameen America believes in women as the engines of local economies," said President and CEO Andrea Jung. "The solution to economic inequality is not charity; it is sustainable social business.”